CEX.io

CEX Logo
CEX.io Overall rating: ★★★★★ 4.6 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

Cryptocurrency deposits: 0%; USD/RUB/EUR/GBR: 0%-5% (depending on payment method)

Trading Fees

Yes (7% for the direct trading with the exchange)

Withdrawal Fees

Yes (varies depending on payment method)

Advantages & Disadvantages

Advantages

  • Company provides refunds for customers dissatisfied with the services
  • Deals are made automatically and immediately
  • Live chat 24/7 with customer support
  • Multi-language website (English, Chinese, Russian, Spanish, Italian, Portuguese)
  • Users can buy bitcoins with a credit card, SEPA or a wire transfer
  • High trading volume

Disadvantages

  • High fees and “hidden charges”
  • Many currencies are not supported
  • Lots of bad reviews

EXMO.com

EXMO Logo
EXMO.com Overall rating: ★★★★★ 4.5 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

Cryptocurrency deposits: 0%; USD/EUR/RUB/PLN/UAH: 0%-8% (depends on payment method)

Trading Fees

Fee for the deal - 0.2%

Withdrawal Fees

Yes (BTC (0.001), LTC (0.01), DOGE (1), DASH (0.01), and ETH (0.01))

Advantages & Disadvantages

Advantages

  • Different payment methods available (cryptocurrency, Visa/MasterCard, Debit/Credit card, SEPA, Payeer, OKPay, etc)
  • Multi-language website(English, Spanish, French, German, Italian, Portuguese, Chinese, Russian, Ukrainian, Polish)
  • 24/7 Support
  • High USD liquidity

Disadvantages

  • Some fees are relatively high
  • Number of trading pairs might be higher

Lakebtc.com

Lakebtc.com Overall rating: ★★★★★ 4.5 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

0.0 - 0.15%

Withdrawal Fees

1% + 5 USD

Advantages & Disadvantages

Advantages

  • High security level
  • Supports a lot of fiat currencies
  • Relatively low fees

Disadvantages

  • Company has a main focus on the Asian market
  • Their website works slowly comparing to other platforms

YoBit.Net

YoBit Logo
YoBit.Net Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

No fees

Trading Fees

Yes - 0.2%

Withdrawal Fees

Cryptocurrency:0.00050000; USD/RUR: 3%-8% (depends on the payment method)

Advantages & Disadvantages

Advantages

  • A wide choice of currencies (more than 100)
  • Multi-language website (Chinese, Russian, English)
  • Simple and clear interface
  • Security -Yobi codes (deposit codes)

Disadvantages

  • Questionable lottery games
  • A lot of negative reviews from customers

Bitbay.net

Bitbay.net Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

2%

Trading Fees

0.43%

Withdrawal Fees

2%

Advantages & Disadvantages

Advantages

  • Accepts deposits in fiat currencies: USD, PLN, EUR
  • You can order a physical BitBay card for your coins to make transactions and store them
  • Various deposit options available

Disadvantages

  • There is a limited number of coins
  • The platform seems does not have any regulation

Bitmex.com

Bitmex.com Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

No

Trading Fees

0.0-0.25%

Withdrawal Fees

0.003 BTC

Advantages & Disadvantages

Advantages

  • Derivatives and futures trading options
  • High liquidity
  • High leverage
  • Numerous professional tools for experienced traders

Disadvantages

  • Beginners will find this website too difficult
  • 0.003 BTC is really high withdrawal fee
  • The interface is not intuitive at all

GDAX.COM

GDAX.COM Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

No fees

Trading Fees

0.1 - 0.25%

Withdrawal Fees

0 - 10%

Advantages & Disadvantages

Advantages

  • Cold storage for users’ savings
  • Tables, graphs and other useful tools
  • Flexible API
  • Low fees

Disadvantages

  • Only three types of coins are available
  • The service is not available worldwide

QuadrigaCX.com

QuadrigaCX.com Overall rating: ★★★★☆ 3.8 based on 5 reviews
5 1
Margin Trading
No
Deposit Fees

N/A

Trading Fees

0.5%

Withdrawal Fees

2% + CAD $20.00

Advantages & Disadvantages

Advantages

  • Quardiga CX accepts both fiat money and cryptocurrencies
  • Registration is simple and fast
  • High account security is guaranteed (2-factor authentication)

Disadvantages

  • There is no email, phone or live chat to contact customer support. You can only reach them via tickets
  • The platform is unregulated
  • Trading and withdrawal fees are high here

Livecoin.net

Livecoin.net Overall rating: ★★★☆☆ 3.4 based on 7 reviews
5 1
Margin Trading
No
Deposit Fees

Yes (depends on payment method)

Trading Fees

0.18% - 0.02%

Withdrawal Fees

1 % - 10% + additional commissions, depends on the currency type

Advantages & Disadvantages

Advantages

  • Has a wide range of available coins
  • Low fees
  • Fast withdrawals and deposits

Disadvantages

  • No mobile application
  • Some coins have low liquidity

HITBTC.COM

HITBTC.COM Overall rating: ★★★☆☆ 3.3 based on 8 reviews
5 1
Margin Trading
Yes
Deposit Fees

Yes (depends on payment method)

Trading Fees

0.1%

Withdrawal Fees

Yes (depends on the cryptocurrency type)

Advantages & Disadvantages

Advantages

  • High trading volume
  • Affiliate program
  • High security level

Disadvantages

  • Verification is long and requires a lot of personal details
  • High fees
  • Long deposit and withdrawal waiting time (up to 20 business days)

BitFinex.com

BitFinex Logo
BitFinex.com Overall rating: ★★★☆☆ 2.8 based on 5 reviews
5 1
Margin Trading
Yes
Deposit Fees

Cryptocurrency deposits: 0%; Euro & USD deposits: 0.100% (minimum fee of $20)

Trading Fees

Yes (the rate depends on trader's trading activity in the last 30 days)

Withdrawal Fees

Wire transfers fees

Advantages & Disadvantages

Advantages

  • Over 50 trading pairs
  • Manageable wallets
  • High USD liquidity
  • Multi-language site (English, Russian, Chinese, etc.)

Disadvantages

  • Was hacked in 2016
  • Paypal and credit card payments are not accepted
  • Not enough transparent company

BISQ

BISQ Overall rating: ★★☆☆☆ 2.3 based on 8 reviews
5 1
Margin Trading
No
Deposit Fees

No fees

Trading Fees

0.001% - 0.009%

Withdrawal Fees

Depends on the type of cryptocurrency you are withdrawing

Advantages & Disadvantages

Advantages

  • Arbitrators ensure that you won’t get cheated by an dishonest seller/buyer
  • A lot of coins available, including some rare ones
  • Awesome security

Disadvantages

  • There is a lack of offers on the website because a few users know about this platform
  • The fees are high
  • There is no way you can contact customer support at Bisq. For some help, you will need to visit their forum and look for an answer among millions of posts thereBisq

Satoshitango.com

Satoshitango.com Overall rating: ★★☆☆☆ 2.3 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

Yes (depends on payment method)

Trading Fees

2%

Withdrawal Fees

$20

Advantages & Disadvantages

Advantages

  • There are great features here, but they are useless if you are not Argentinian
  • The website is user-friendly and easy to use

Disadvantages

  • High fees
  • The website is focused on the local market
  • The verification process is long and tiresome

Bitstamp.net

Bitstamp.net Overall rating: ★★☆☆☆ 1.8 based on 5 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

0,25% - 0,1%

Withdrawal Fees

No

Advantages & Disadvantages

Advantages

  • Flawless reputation
  • Partnership with Pantera Capital, Ribbit Capital, and Fortress Investment Group
  • High trading volume and liquidity
  • Fast and simple website

Disadvantages

  • Fiat trading is available with BTC only
  • High fees for trading with small amounts of coins

Cryptonit.net

Cryptonit.net Overall rating: ★★☆☆☆ 1.5 based on 8 reviews
5 1
Margin Trading
No
Deposit Fees

No fees

Trading Fees

0 - 9.8%

Withdrawal Fees

0 - 20%

Advantages & Disadvantages

Advantages

  • A lot of withdrawal and deposit options
  • Secure and reliable
  • Some rare currencies are available

Disadvantages

  • No live chat with customer support
  • Low liquidity

Wesellcrypto.com

Wesellcrypto.com Overall rating: ★☆☆☆☆ 1.2 based on 7 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

Being specified

Withdrawal Fees

No (you only pay their price for coins + PayPal charge)

Advantages & Disadvantages

Advantages

  • Very fast transactions
  • Website owners play a full role in the crypto-community

Disadvantages

  • Purchasing disabled. They are not active right now
  • You can buy coins with PayPal only

An Elementary Guide to Efficient Bitcoin Trading

A thoughtful approach to bitcoin trading can bring profit to both professionals and newcomers. There are a lot of options for margin and arbitrage trading available on the web and therefore many users can find the best options to earn money buying and selling cryptocurrency.

Due to the popularity of bitcoin mining, a lot of investors pour cash into this business. Moreover, bitcoins can be sent anywhere at a quick pace, which makes trading simple and beneficial.

Unlike other financial systems, bitcoin trading is approachable for anyone. If you have bitcoins in your virtual wallet, you can start trading right away. Most websites don’t even need any verifications to let you start selling or buying cryptocurrency.

Why trade bitcoins?

  • Bitcoin is used all over the world

Bitcoin is a global system distributed around the world. At the same time, it is independent and its price is not related to any financial system of a particular country. Bitcoin exchange depends on its in-house system and amount of people who invest their cash in it.

  • A great number of bitcoin changers

Due to the fact that there is no official price for bitcoins, there are also no official changers. Instead, you can find hundreds of changers on the web available 24/7.

  • Bitcoin is changeable

Price for bitcoins changes frequently and continues to grow.

How to trade bitcoins?

These steps are suitable for almost all cryptocurrency exchangers:

  • Find a reliable exchanger that meets your needs (read on to find a list of the most popular resources).
  • Create an account and verify your information. Mind that some websites ask ID scans and other personal details.
  • Choose a funding method (Euro, Dollar, Yen, Bitcoin, etc.)
  • Submit a trading order.

Bitcoin trading websites

  • Etoro

Etoro is one of the most trusted forex brokers that offer cryptocurrency trading. This platform uses BitStamp’s information as a rate reference. Mind that Etoro works in accordance with trading market hours and you can enter and exit the platform a limited number of times per day.

  • Coinbase

Coinbase allows users to buy and sell different types of cryptocurrency including Bitcoin, Litecoin, and Ethereum. This platform has reasonable fees (3.99%), however users are required to confirm their personality before starting to trade. A scan of your ID or driver license is necessary.

  • Bitstamp

Bitstamp is a transparent and easy-to-use bitcoin trading platform that allows instant and secure trading options for users from all corners of the world. This company appeared in 2011 and earned its fair name for ensuring trading stability for users.

Don’t forget that any type of bitcoin trading requires currency investments and therefore some degree of risk. If you are a beginner in the market, start with learning strategies and ways of recognizing market signals.